FY2025 EPS Estimates for Devon Energy Lifted by Scotiabank

Devon Energy Co. (NYSE:DVN) – Scotiabank boosted their FY2025 earnings per share estimates for Devon Energy in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the energy company will earn $4.50 per share for the year, up from their previous estimate of $4.20. The consensus estimate for Devon Energy’s current full-year earnings is $4.85 per share. Scotiabank also issued estimates for Devon Energy’s FY2026 earnings at $4.95 EPS.

Devon Energy (NYSE:DVN) last issued its quarterly earnings results on Tuesday, February 18th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.16. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.25 billion. Devon Energy had a return on equity of 22.52% and a net margin of 18.14%.

A number of other brokerages also recently issued reports on DVN. Benchmark reissued a “buy” rating and set a $44.00 price target on shares of Devon Energy in a research report on Thursday, February 20th. Royal Bank of Canada reissued a “sector perform” rating and set a $50.00 price target on shares of Devon Energy in a research report on Friday, January 10th. Sanford C. Bernstein upgraded Devon Energy from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. cut their target price on Devon Energy from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Susquehanna upped their target price on Devon Energy from $50.00 to $52.00 and gave the stock a “positive” rating in a research note on Thursday, February 20th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Devon Energy has a consensus rating of “Moderate Buy” and an average price target of $48.46.

Devon Energy Trading Up 0.1 %

Shares of NYSE:DVN opened at $36.18 on Monday. The company has a market capitalization of $23.48 billion, a P/E ratio of 7.93, a P/E/G ratio of 1.20 and a beta of 1.91. Devon Energy has a 1 year low of $30.39 and a 1 year high of $55.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.01. The business’s 50 day simple moving average is $35.46 and its 200 day simple moving average is $36.98.

Institutional Trading of Devon Energy

A number of institutional investors and hedge funds have recently bought and sold shares of DVN. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Devon Energy in the third quarter valued at $806,000. PNC Financial Services Group Inc. increased its holdings in Devon Energy by 14.8% in the third quarter. PNC Financial Services Group Inc. now owns 174,495 shares of the energy company’s stock valued at $6,826,000 after purchasing an additional 22,534 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Devon Energy by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,881,720 shares of the energy company’s stock valued at $151,853,000 after purchasing an additional 69,442 shares during the period. Nwam LLC acquired a new stake in Devon Energy in the third quarter valued at $562,000. Finally, Great Valley Advisor Group Inc. grew its holdings in Devon Energy by 17.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,226 shares of the energy company’s stock worth $283,000 after acquiring an additional 1,073 shares during the period. 69.72% of the stock is currently owned by institutional investors and hedge funds.

Devon Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.65%. This is an increase from Devon Energy’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, March 14th. Devon Energy’s dividend payout ratio is presently 21.05%.

Devon Energy Company Profile

Devon Energy Corporation, an independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates in Delaware, Eagle Ford, Anadarko, Williston, and Powder River Basins. The company was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.